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Gold, Silver See Sharp Correction After Macro Shocks
Gold and silver corrected sharply as macro shocks and higher yields sparked profit booking.
Gold and silver prices witnessed their steepest selloff in months as macroeconomic shocks triggered profit taking across bullion markets. Stronger economic data, rising bond yields, and a firmer dollar reduced safe haven demand. Analysts described the fall as a healthy correction after a strong rally, noting that long term fundamentals remain intact despite near term volatility and shifting global interest rate expectations.